Canada Annual CPI Rises 1.1% in February
Canada’s annual inflation rate accelerated in February, supported by higher prices for gasoline.
Canada’s consumer-price index rose 1.1% on a year-over-year basis in February, Statistics Canada said Wednesday, slightly faster than the 1% increase recorded in the previous month. Market expectations were for a 1.3% rise, according to economists at Bank of Nova Scotia.
On a month-over-month basis, prices climbed 0.5% in February.